Beetaloo Operations Update

• Carpentaria-5H flow testing shows low decline rate
• Construction of Carpentaria Gas Plant on track
• Seismic acquisition commenced in Western Beetaloo
• Territory Sands agreement finalized for sand mine development
• Cash at bank $63.2 million

Beetaloo Energy Australia Limited is experiencing a highly productive period with multiple active operations. The Carpentaria-5H flow test is showing a remarkably low rate of decline, with current rates at approximately 6.7 TJ/day. Construction of the Carpentaria Gas Plant is proceeding as planned without any incidents. Seismic acquisition has begun in the Western Beetaloo, targeting optimal drilling locations. Territory Sands and Beetaloo Energy have completed documentation for the first in-basin frac sand mine. The company has met all conditions precedent for the Macquarie Midstream Infrastructure facility and has an initial drawdown of $2.5 million. With over $63 million in cash and $42.5 million in undrawn facilities, Beetaloo Energy is well-funded for the year's programs.

Beetaloo Energy anticipates an IP30 rate by mid-July

Beetaloo Energy is optimistic about the potential for higher EUR per well if low decline rates persist, with seismic acquisition expected to support future drilling activities.